TOPIC07IAS17LEASES(一).docVIP

　IAS 17 Leases states that when classifying a lease of land and buildings, the land element is normally classified as an operating lease unless title passes to the lessee at the end of the contract. The building element may be classified as either a finance or an operating lease depending upon the nature of the lease contract. 　　Accounting for leases is regulated by IAS17. It requires many leased assets to be recognized as assets even though they may never actually be owned by the entity using them – the lessee. There is also an accounting problem for the lessor – the enterprise providing th